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Margins thinning on Northwest Minnesota farm

Margins are thinner than last harvest on many crop farms.

Blair Hoseth grows corn, soybeans, and small grains near Mahnomen in northwest Minnesota.

“With the cost of inputs the last couple years, you know our costs per acre are definitely higher. But yet we’re only just a little over $4 a bushel right now for corn.”

He tells Brownfield most of his corn is air-dried and won’t be sold for a few months.

“So we put that in our air bin and we can’t really sell that till towards spring typically, if we want to sell it dry. So usually we market during that April, May, June time on our corn.”

Hoseth says the bulk of the soybeans he grows go into seed production and have already been delivered.